PDM FUNDS RELEASED: LEAK PROOF & CORRUPT FREE SYSTEM

By Ramathan Ggoobi, PS/ST Ministry of Finance

Prime Minister of Uganda Rt Hon Robinah Nabbanja and Ag Minister of Finance Hon Musasizi Henry pressing the button to send the first tranche of PDM money directly to Ugandans at the base of our economic pyramid. No more middlemen of money. No leaky bucket.

We’ve taken time to verify the PDM SACCOs to ensure we capitalise only those that are ready i.e. with registration with Registrar of Cooperatives; evidence of 1st GM held; and of training of members; and certified resolution appointing signatories to the bank accounts.

Government of Uganda is going to send an annual grant of Ushs. 1.05 trillion to PDM SACCOs for the sole purpose of lending to viable income generating activities in the Production, Processing, Marketing and Storage of agricultural products (Pillar 1).

We’ve developed a framework for mandatory audit of beneficiary PDM SACCOs to inform subsequent disbursements. No one will